ADA Surges 4.37% as $71M Upgrades, Midnight Airdrop, and Bull Flag Breakout Drive Momentum

Cardano (ADAUSDT) has experienced a 4.37% price increase in the last 24 hours, currently trading at 0.7961 on Binance. This upward movement is primarily attributed to heightened trader interest following the Cardano community’s approval of a $71 million treasury allocation for upgrades to Hydra and Acropolis, as well as the ongoing Midnight (NIGHT) token airdrop, which has seen over 250 million tokens redeemed and more than 1 million ADA wallets eligible. Additional bullish momentum has been supported by a surge in network activity, a 12% rise in open interest, and positive technical signals, including a breakout from a two-month bull flag pattern. The ADAUSDT pair saw robust trading volume, with 189.86 million ADA exchanged on Binance in the past 24 hours, reflecting strong market participation and continued positive sentiment.